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CBS
Dec 29, 2012 6:00pm PST
be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocke
CBS
Dec 29, 2012 5:30pm PST
only fund the government for eight days. americans deserve to know what is the president proposing we do for the other 357 days of the year. >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled- back bill then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even if congress manages to break the gridlock in time, more trouble is just around the corner when the u.s. reaches the debt limit again in a few weeks. tara mergener for cbs news, washington. >>> well, a new state law goes into effect tuesday. it worries people concerned about distracted driving. the law will allow drivers to send text messages as long as they use technology that is fully voice-operated and hands- free. the supporters say the new law is better than having drivers type while they're driving but opponents say hands-free texting still draws attention away from the road. >>> among other laws that will go int
CBS
Dec 24, 2012 4:00am PST
new laws, the nra says the federal government needs to do a better job enforcing the ones already on the books. duarte? >> thank you, tara mergener, in washington. >>> now, there's just one week left until the fiscal deadline. the president and congress are on holiday break. before he went on break he called for a limited extension on tax cuts for americans. the last best hope for a deal may rest in the senate. yesterday senator lindsey graham said he would vote for a revenue increase including a tax hike, but he doesn't like it. >> hikes are part of the solution driven by the president but he's going to get tax rate hikes. to my republican colleagues, if we can protect 99% of the americans from a tax hike, that is not a tax increase in my books. >> if there's no deal on new year's day, households between $50,000 and $75,000 will see an increase of $2,399. meanwhile households with $5 money,0 $00,000 to 1 mill could see an crease of $3900. >>> overseas an attack on americans in afghanistan. police officers, over 50 have been killed by police and soldiers this year. >>> in syria a
CBS
Dec 29, 2012 11:00pm PST
pay more in taxes. >> the president's tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he's ready to propose his own scaled-back tax bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into effect tuesday. cbs news, washington. >> if the government does go over the cliff, the impact on the aviation industry could be disastrous and it could have a domino effect on the economy. the transportation security administration
CBS
Dec 27, 2012 5:30pm PST
have their milk. we might have to cut elsewhere. >> reporter: without new legislation, government price supports for milk will revert to 1949 levels. back then, the process was more laborious, and farmers needed a higher subsidy to cover their costs. dan summer, professor of agricultural economics at the university of california davis, says the new price of milk will be far above what it now costs dairy farmers to produce it. >> it really will be just chaos. nobody really knows how to act. >> reporter: so we would go back to this old farm bill, which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem for dairy farmers: they don't want chaos in the milk market. it sounds good-- "gee, everybody will double or triple the price"-- but how much milk would people buy at that price? >> reporter: nobody will pay it. >> nobody will pay it. >> reporter: shoppers for milk today couldn't understand why congress can't at least solve this problem. linda vella: >> they all need to be f
CBS
Dec 27, 2012 5:00pm PST
avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, he was saying that to his house republicans on the conference call he said, look, the house has already acted on this problem. it's passed two bills. it's up to the senate to actually present some legislation and move on it. he said the house is more than willing to act on anything the senate passes. they just have to do it now. >>> all that "fiscal cliff" talk gave wall street a wild ride today. the dow erased most of its 150- point deficit after promising news from washington. it ended up closing down 18 points. the nasdaq and s&p also closed down a bit. >>> just in tonight, america ha
CBS
Dec 31, 2012 7:00am PST
agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much better than mcconnell does with president obama. in the last 24 hours, the administration has given ground on raising threshold for income tax rates and estate tax rates, but also demanded much more in new government spending the republicans are comfortable with. it's that division between spending and taxes that continues to divide both sides, and that is the one thing that may prevent a deal from being achieved in the
CBS
Dec 26, 2012 5:30pm PST
private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose in 18 of the 20 largest cities. tonight, 88-year-old george h.w. bush remains in a hospital in houston where he's been since last month battling a bad cough. the former president now has a persistent fever. bob orr joins us now from washington with details. bob. >> reporter: good evening, jim. well, a spokesman for the bush family says that former president george h.w. bush is in "guarded condition," with that stubborn fever y
CBS
Dec 31, 2012 4:00am PST
areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying her taxes. danielle nottingham reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's
CBS
Jan 1, 2013 4:00am PST
. official figures show a 25% increase in six years. the government clearly rattled by the outcry has announced that the six men accused in the bus rape case will face murder charges and the death penalty. elizabeth palmer, cbs news, london. >>> up next on this tuesday we'll have your morning weather. and in sports, a clemson rally includes a fourth and 16 pass play to keep a fourth quarter drive alive. drive alive. ever. nurses are dealing with a wider range of issues. and there are ever-changing regulations. when you see these challenges, do you want to back away or take charge? with a degree in the field of healthcare or nursing from capella university, you'll have the knowledge to advance your career while making a difference in the lives of patients. let's get started at capella.edu. >>> here's a look at the weather in some cities around the country. in new york mostly cloudy with snow flurries. 38 degrees. partly sunny in miami, 79. partly sunny in chicago, 22 degrees. mostly cloudy in dallas, 48. partly sunny in l.a., 64 degrees. >>> let's check your national forecast. much of
CBS
Dec 28, 2012 5:00pm PST
regular harassment and sexual assault and protestors say it's time the indian government and indian society stopped tolerating violence against women. the horrific -- >> well, other news tonight. former president george h.w. bush said to be improving even though he remains in intensive care at a hospital in houston. a bush family spokesman says the 88-year-old is alert and in good spirits. the doctors are cautiously optimistic. mr. bush was hospitalized for a bronchitis-like cough more than a month ago. we have asked dr. kim mulvihill to fill us in. what's guarded? >> reporter: that means he is between stable and critical. he will be watched closely. bronchitis can take months to clear but anytime the elderly have bronchitis it could develop into a more complicated lung infection pneumonia especially when the patient is in the icu. >> the difference between bronchitis and pneumonia? >> bronchitis is an inflammation of the large airways that carry air from the mouth to the lungs. pneumonia is an infection of the lung tissue itself. this infection inflames the air sack and they film u
CBS
Dec 31, 2012 11:00pm PST
makers and the federal government. but it's opposed by the american beverage institute. the group made the following statement. drunk driving fatalities are at historically low levels. we shouldn't try to solve what's left of the drunk driving problem by targeting all americans with all-sensing technology. >>> on the east coast, it's already 2013. >>> about a million people from all over the world got the times square treatment. the revelers found it all quite cold but quite worth it. lots of smooching going on down there. >>> it is actually colder in santa rosa right now. santa rosa is 36. new york is 38. people were out and about tonight, all bundled up in layers of jackets and scarfs. look at the little ones there! and notice the very dry pavement. let's confirm that with our live hi-def doppler. not a raindrop in sight. that wasn't the case earlier, where we did have rain showers skirting to the west of san francisco. this is the scene now at the embarcadero. notice the people out flocking around, waiting for the fireworks, which they'll be able to see. we have clear skies currentl
CBS
Dec 27, 2012 12:00pm PST
the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the markets. stocks fell sharply by 55 and change. the drop is attributed to consumer confidence falling to the lowest level since august. >>> the storm that moved across the country pushing northeast through new england after plowing through 30 states dumping snow, sleet and spawning dozens of tornadoes. edward lawrence has the latest. >> reporter: the northeast is dig out from a giant storm that dumped more than a foot of snow in some places. >> it's the heaviest snow i can remember. it's shutting the machine down every time of you give it a little push. the ice just clogs it up. >> reporter: the storm started in california last weekend and crossed the country creating blizzards in the midwest and south. several people died in traffic accidents. and the roads remain dangerous for holiday travelers heading home. in arkansas, this man needed a tow after sliding into a
CBS
Dec 29, 2012 6:30pm PST
the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even if congress manages to break the gridlock in time, more trouble is just around the corner. when the u.s. reaches the debt limit again in a few weeks. tara mergener for cbs news, washington. >>> a new state law that goes into effect tuesday worries people concerned about distracted driving. the law will allow drivers to send text messages as long as they use technology that is fully voice operated and hands- free. supporters of the new law say it's better than having drivers type while driving but opponents say that hands-free texting still draws attent
CBS
Dec 25, 2012 5:00am PST
end january 1st sending us back to the 1950s policy requiring the government to buy milk at inflated prices and driving up the cost for everyone. >>> we need some good news. over to lawrence now and find out about rain that's coming. >> that big storm that's rolling into the bay area. happy holiday. yes, merry christmas to you and everyone and you're headed out today i hope you get the umbrella for christmas, maybe a rain jacket. you will need it today. already seeing some showers on the hi-def doppler radar showing up in the north bay right now. these just some scout showers really out ahead of the main cold front but the winds going to be kicking up. and it looks like we're going to see a brief period of heavy amounts of rainfall as the system slides on by. further northward but the main cold front still off the coastline and yet to come. so if you're headed out to the today on this christmas day be prepared for rainy personally the middle of the day and afternoon and the gusty winds the possibility and some isolated thunderstorms. the weather going to be unsettled after that. more
CBS
Dec 24, 2012 7:00am PST
else kind government missed here, jarvis? >> i think people show go back and see "moonrise kingdom." wonderful movie. >> it was very nice. >> charming. >> a sweet film. >> yeah yeah. >> what about you, rebecca? you said you only went to one movie. >> my joke was i saw one movie in 2012 with you, jeff, so that was going to be my favorite because we got to see it with you. >> we did go to goegt. by the way, "the gray." we sat in the front row. >> very front row. >> let me pitch you on one more. jarvis you can check this out. this documentary i talked about and game the movie. it with uswas very very good. >> i enjoyed the queen of versailles as well. it deals with a resession and an extraordinary couple. how do things turn out when the tapes start to turn and especially with the housing market it's a great combination of reality tv juiciness and really a lost substance. >> and it was a great year for documentary documentaries. we're living in a great period for documentaryies. i had to make a list. "the central park five" was ready good and "hue to survive a plague." >> is there any
CBS
Dec 30, 2012 8:30am PST
t.s.a., f.a.a., all through the federal government, lay people off, this is real, because they seaport negotiations are not getting anywhere near a deal and they have to prepare for the cutting side of the fiscal cliff, not just the taxes. >> o'donnell: and, nancy, if there is no deal, what happens next on monday? >> reporter: essentially we move to plan b, where senates democrat introduce their own plan in the senate that caps the bush tax cuts ap at $250,000 or less, extends long-term unemployment benefits, maybe imposing spending cuts to push off the sequester for six months or a year and we see if the republicans allow a straight up-or-down votes that only requires 50 senators to vote yes or if we have to go to a 60-vote threshold. democrats think they can get the seven republicans they need-- they think they might be able to get up to 10 who have signaled they could go along with something like this. that's not the end of the road. even if it passes, it has to go to the house and that's a tricky road as well. >> o'donnell: let's turn now to our senators who are here. senat
CBS
Dec 23, 2012 6:00pm PST
are charging fraud. official results are due tomorrow. >> a syrian government air strike in a town near the city of homa has reportedly killed dozens. peateur video appears to show the aftermath of the attack which struck a bakery where people were lining up for their first bread in days. in damascus, meanwhile, u.n. peace envoy brahimi arrived today for more talks with president assad. in his attempt to remain in power, assad has cultivated the support of minority groups athin his ethically divided country. elizabeth palmer saw that policy at work during a recent visit to the southern town of swada. >> reporter: conflict has engulfed syria over the past months from one end of the country to the other. but so far it barely touched this town in southern syria near the border with jordan. the people who live here are a religious group that has allied itself with president assad. good afternoon. when we arrived it in town to meet the governor, syrian state media was waiting for us. the regime is anxious to showcase this community full of official supporters willing to reinforce the pa
CBS
Dec 30, 2012 6:00pm PST
itself is to the doing badly. if people can get confidence in the government t won't be so bad. but if on the other hand we keep having this game being played in washington t will increasingly affect the markets negatively and the economy. >> jeff: jim awad, thank you very much. >> pleasure. >> jeff: in eastern oregon today a bus traveling on an ice and snow covered interstate 8 4 today crashed through a guardrail and tumbled down an embankment. at least nine were killed. more than a dozen others hurt. this was the second fatal crash due to icy road condition ms. that area today. >> in the east new england is digging out today after a winter storm blanketed the region with snow measuring a foot or more. that storm created problems across most of the eastern u.s. starting in the south on christmas day before move nooingt northeast. and then heading to sea. a new storm could bring wintery weather to the midwest for new year's eve. >> overseas the crash of a russian jetliner claimed a fifth victim today. a flight attendant. that plane was carrying eight people, all crew members. barry pet
CBS
Dec 23, 2012 5:00pm PST
happy being involved from the outside in government, advocating for congo, taking the movie "argo" which has become a springboard for dialogue as our relationship with iran, as hillary which the said the most pressing foreign policy issue today. so i have a lot on my plate. >> schieffer: let's talk a little bit about this movie. i covered the washington end of that when it was all going on, and i must say, tbawfsz sort of overcome by events, later, greater events, but that is a wonderful story. and it's pretty much true, the way you told it. i mean, it's pretty accurate as far as the history. >> yes, the story is true. the story is absolutely true. there were these six hostages who escaped the embassy during the takeover, who hid out in the canadian ambassador's residence, ultimately rescued by the c.i.a. and trained to pose as a movie crew. i looked at a lot of research footage and i lobbied at your face quite a bit-- you don't look a day older than you did from 32 years ago. it's really exceptional. it's it the inception of our antagonistic relationship with the rug of iran, and
CBS
Dec 25, 2012 5:30pm PST
. government figures for november show the construction on new homes was up 21.6% from a year ago. in california, you may be surprised at who is buying. here's ben tracy. >> reporter: this is the busy time of year for you guys. >> absolutely. this is when all the grapes come ns. >> reporter: scott meadows runs salinas vineyards in california's napa valley. there's a good reason he put that american bald eagle on the , ttle. it seems kind of nationalistic. >> it does, doesn't it? that was a specific request from our owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the
CBS
Dec 24, 2012 4:30am PST
offered to pay a fine. but government and consumer groups rejected it report delay because pge would not admit it failed to safe the system. the explosion killed eight people. if a settlement is not reached by january 7th the case would likely go to trial. >>> a bay area school district is accused of mismanaging money and audit what's conducted after an investigation questioned how a private school was getting federal dollars. linda yi explains what oakland unified will have to do as their punishment. >> reporter: for years this private religious school has received thousands of dollars in federal funds, $50,000 just this year deadly out by the oakland unified school district. it's the school that sends the students out to bart stations to solicit money sometimes late into the night. they left after we approached them. >> a joint cbs 5 california watch investigation earlier this year questioned the district's lack of oversight allowing enroll. s by the school to get the funding and the school's alleged misuse of that money. the california department of education took a closer look an
CBS
Dec 25, 2012 12:00pm PST
as the courthouses and government offices, wall street and other united states markets also shut down. you can still find some retail businesses open, people should also expect trash pick up to be a day late this week. >>> coming up, new details in the ambush of two new york firefighters. the note the killer left behind. >>> and netflix crashes on christmas eve. what they are saying about a massive outage. >> showers earlier. now the rain starting to pick up. it could be a rocking afternoon. we will talk about that coming up. ,,,,,,,, did you get chips for the party? nope. cheese plate? cheese plate...nope. i made something better. ♪ you used the oven? boom ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits population has voted to app the referendum on a new constitution. the vote sparked protests b . >> egypt said 63% of the population voted to approve the new constitution. groups have acc
CBS
Dec 26, 2012 4:00am PST
year you could be paying twice as much for it. a government subsidy expires at the end of this year. unless congress extends it, the cost could skyrocket to above $7 a gallon, putting a major hirchlg on families already struggling to make ends meet. >>> bad news for retailers. holiday sales proved this year it was the weakest since 2008. one report put the increase at just 0.7%, are far below analyst predictions of 3% to 4%. superstorm sandy and the looming fiscal cliff disrupted the shopping season. >>> and if you are returning my holiday gifts, have your right and a lot of patience. usa today reports 14 of 25 on-line retailers in one study are issuing refunds slower than last year. for in-store returns some retailers have shortened return windows and are charging restocking fees, especially for technology. >> thanks. >>> straight ahead on your morning wednesday news, weather is coming up, and lebron james takes it to the oklahoma city thunder in a rematch of the nba final. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop o
CBS
Dec 30, 2012 7:00pm PST
, except when we went in. we just want gratitude from your government! >> logan: the american calmly tried to reassure him. >> michael: this whole thing was a team effort of which you played the highest role, okay. and it is because of that there are a lot of people in my government... >> storm: obama! ( laughs ) >> michael: i am talking about the president of the united states, okay? >> storm: yeah. >> michael: he knows you. the president of the united states doesn't know who i am, but he knows about your work. >> storm: yeah. >> michael: okay? and for that, we are thankful. >> logan: morten storm wasn't satisfied, and it was after that meeting that he decided to go public, which is why he spoke to us. we asked the cia and danish intelligence for comment, but they both declined. by the time we met storm at a remote location in the danish countryside last month, awlaki's followers had vowed revenge. so you're going to spend the rest of your life looking over your shoulder? >> storm: yeah. if i try to hide every day and be scared, they have won. >> logan: storm is working on a new ide
CBS
Dec 27, 2012 5:00am PST
will start taking steps to postpone the government from hitting the $16.4 trillion debt limit the money the government can spend to finance its operations. >>> toyota will pay the biggest sum of money ever recorded for a car defect. the proposed $1 billion settlement will resolve a class action lawsuit for hundreds of toyota owners who claim unintended acceleration problems caused numerous crashes, injuries and even some deaths. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting on new year's day parking meters in downtown chicago will cost $6.50 an hour up from $5.75. the city leased the meters to a private company for 75 years for the bargain price of more than $1 billion. >> thank you, erica ferrari, cbsmoneywatch.com. >> i love san francisco even more now. you have to have a credit card. that's almost a roll of quarters. >> i just discovered parking cards. >>> if you are heading out doing any traveling on the roads this morning, so far actually things look pretty good outside. we have a nice quiet weather day shaping up. yeah
CBS
Dec 31, 2012 5:30pm PST
the reasons, indians iansfurious. the government clearly rattled by the outcry has announced that hee six men accused in the bus murderase will face murder charges and the death penalty. elizabeth palmer, cbs news, london. >> jarvis: a passenger who urvived a deadly bus crash in oregon on sunday says the driver was going too fast. the bus carrying 46 people doammed through a guardrail and tumbled down a steep embankment. nine people were killed. new technology could stop drunk drivers before they start the car. we'll see it when we come back. ck. did you know when heartburn, it's too late to take prilosec because... but it's but zantac® works differently. it relieves heartburn in as little as 30 minutes. in fact, so, when heartburn strikes, try zantac® this has been medifacts for zantac® for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime.
CBS
Dec 28, 2012 7:00am PST
, you know today the average american doesn't realize that there's 40% of government services that they're not paying for. only one-third of medicare is paid for by those people who actually use it and because there's been this charade going on, where the left and right basically have conspired together to shield the american people from the true cost of government, we really don't have any constituency here to help reduce spending because we have not dealt with that issue, there's been no progress on the entitlement spending this is unfortunately going to carry on to the debt ceiling debate and what that means is every american is going to be harmed because the economy is not going to be what it should be. so because we have lacked the courage to face up to deal with these issues we here in washington are going to hurt the american economy we're going to hurt americans at every level, and to me it's just a travesty that we've not been willing to deal with this issue when for the last two years, jeff we have known this time is coming. no congress has been more prepared to deal with
CBS
Dec 29, 2012 5:00am PST
idea that government has too much debt and the government can't get too much done. i don't think that's decisive of how the economy performs but it's definitely something that's going to weigh on people. if taxes go up across the board on virtually everything then smaller take-home pay does impact. >> it hurts. >> thank you so much to both of you. we look forward to seeing both of you later in the new year. >> yes. >>> coming up later we'll have some important tips for avoiding your own personal fiscal cliff in 2013. >>> now, just a couple of days after the east coast endure add powerful storm another one is about to hit, bringing even more snow and rain and all of those problems that come with that. here this morning with more on that is jeff berardelli meteorologist at our station in miami. good morning to you, jeff. >> good morning to you seth and good morning to you, everybody. you know this is turning out to be a pretty significant system. we've already had three inches of snow in parts of kentucky. it's moving east into central pennsylvania as well in fact. as we zoom into the rad
CBS
Jan 1, 2013 5:00am PST
. i'm only 21. i spend money like it's nothing. >> well, some local governments had even higher taxes in the bay area. taxes in el cerrito and union city are now at 9.5%. >>> 5:50 now. marijuana clubs are starting to pop up in the state of colorado. at least two have opened up less than a month after the governor signed into law a constitution amendment allowing recreational marijuana use. one: 00 says 200 people -- one club says 200 people have already signed up and paying the $30 admission fee. they have to bring their own drugs. as long as it's not sold, it's legal in colorado. where do they get it? >> let's not ask. >>> if you partied hard last night we have the magic veggie to cure your hangover. we'll tell you about that. >> maybe your new year's resolution is hitting the gym. meet a couple that plans to run a marathon every day this year. wow. >> you're going to meet them. ,, ,,,, new years clutter is no match for someone with big ideas. with a new project in mind, some how-to knowledge to give us an edge, and more savings down every aisle. it only takes a few twists and turns for
CBS
Dec 28, 2012 6:00am PST
avoid billions of dollars in automatic tax increases and government spending cuts set to kick in january 1. a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneaker and snow shovels. >>> the housing market shows new signs of rebounding. the commerce department says sales of new homes increased by about 4.5% in november from the month before. that's the fastest pace in two years. >>> and that's your moneywatch. for more, stay with cbsmoneywatch.com. back to you. >> thank you. >>> with all the snow falling in the sierra, avalanche concerns are on the minds of many after two people died
CBS
Dec 28, 2012 4:00am PST
sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> well, here's the problem for dairy farmers. they don't want chaos in the milk market. it sounds good. gee, everybody will double or tripl
CBS
Dec 30, 2012 7:30am PST
in taxes. >> the president's tax hike would only fund the government for l days. americans deserve to know what does the president propose we do for the over 357 days of the year. sdmrsz -- >> president omaba insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just afford a wound to our economy. >> if sunday's negotiations don't pan out the president says he's red to -- he's ready to propose his own scaled back bill that would preserve expiring unemployment benefits. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those bags in an entire bay area county. >> a 2012 close, a look back at some of the big stories in the usa. we'll be right back.
CBS
Jan 1, 2013 4:30am PST
to add up because -- i'm only 21 and i spend money like it's nothing. >> so local governments have even higher taxes and the bay area taxes in el cerrito and union city are now at 9.5%. >>> there are also a number of new laws set to go into effect today. drivers in california can now text and email while driving if they use a voice-operated system. other laws restrict banks from pursuing so-called dual track foreclosures. and there are also several measures designed to ensure the safety of natural gas pipeline. but there's one contested measure that's still on hold a ban on gay conversion therapy. it will not go into effect because of a federal appeals court issuing a stay. >>> chp out in force last night looking for anyone who shouldn't be on the roads and here's a sobering thought. a dui can cost you up to $7,000. cbs reporter mark strassmann shows how some new technology could put the brakes on drunk driving. >>> reporter: >> so we want to take this device and implement it in the car. >> reporter: bud is leading a team creating technology that might prevent 10,000 drunk driving
CBS
Dec 31, 2012 4:30am PST
the biggest obstacle to a compromise but others want to government -- others want to see government spending put in check. >> the president is doing nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013 they may wake up wishing it was 2012 when they had more money in their pockets. andrew spencer reporting. >> the midnight deadline is 9:00 our time. if the deadline passes there could still be wiggle room if the president and lawmakers appear to be working towards an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, they could be repealed retroactively once a deal is reached. and you can keep tabs on the fiscal talks anytime by logging on to our website, cbssf.com. >>> there is some hope. congressional leaders showed yesterday th
CBS
Dec 28, 2012 5:30pm PST
the across-the-board spending cuts ulr the defense department and peher government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with income taxes at a rate to be determined later, the threshold of that income-- and some federal benefit. and if they don't reach a deal, he will have his own plan "b." >> if we don't see an agreement hetween the two leaders in the senate, i expect a bill to go on the floor, and i've asked senator reid to do this, put a eill on the floor that makes tare that taxes on middle class families don't go up, that unemployment insurance is still ploylable for two million people, and that lays the dioundwork then for additional deficit reduction and economic growth steps that we can take in ane new year. but let's not miss this deadline. neat's bare minimum that we should be able to get done. >> reporter: the president is pushing very hard, jeff, for that extension of unemployment benefits for americans who have been jobless for six months or more. they
CBS
Dec 27, 2012 7:00am PST
if government on the matters you care about the most. >> reporter: it allows anyone to create a petition and with 25,000 signatures in 30 days the white house promise as response. since the shooting the website has received more than a dozen petitions supporting gun rights and gun control, but the requests aren't always serious. >> that's not a moon. it's a space station. >> reporter: one asks the federal government to secure resources and 23u7bding to build a dealt star by 2016. it has 32,000 signatures. multiple states have asked to recede from the u.s. the move to kick morgan out of the country may have some support but laughing it off. tweeting merry christmas, even to those who want me deported. >> two others have pop up. one asked u.s. to keep him because britain doesn't want him back, the other says his spiech is protected. much of the admin station knew -- >> do they realize how social media -- >> there you go. >> consider can get a mass of people for anything. >>> it was a busy year of sports. they replaced the refs lance armstrong lost his medals and ♪(music playing)
CBS
Dec 27, 2012 6:00am PST
prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leased the meters to a private company for 75 years for the bargain price of more than $1 billion. back to you. >> so that's 50 bucks if you are there for 8 hours. what a bargain huh? [ laughter ] >> reporter: crazy. >> he is always doing the math. sound expensive. all right. erica ferrari, thanks so much. >> thank you. >>> toyota has reached a $1 billion settlement with hundreds of plaintiffs over acceleration problems in its vehicles. the company says the deal will resolve cases involving
CBS
Dec 31, 2012 6:00pm PST
have until midnight tonight to apply for an independent review. the program is part of a government settlement with 14 major lenders who violated foreclosure rules through tactics like robo signing and document forgery. former homeowners can be compensated up to $125,000 if they can prove their lender wronged them. >>> and when the calendar flips, so will taxpayers. which bay area community will boast the highest sales tax come tomorrow morning. >> and if you used this day to do some winter cleaning were you not alone. the long lines as people tried to beat the deadline for the 2012 tax savings. >> and one more thing to remember before you head out celebrating tonight. don't drink and walk. we'll explain. >> and over the next hour, we're going to take you around the world as your fellow humans bid farewell to 2012. we start with auckland, new zealand, where it's already 3 p.m. on january 1. we'll be right back. ,,,,,,,,,,,,,,,, year down under. this is what it looked like as the clock st midnight in >>> just gorgeous! well, they are already well into the new year down under. this is
CBS
Jan 1, 2013 1:35am PST
federal government. but it's opposed by the american beverage institute which represents 8,000 chain restaurants in the u.s. the group made the physical lowing statement. drunk driving fatalities are at historically low levels. we shouldn't try to solve if problem by targeting all americans. mike straussman, five news. >>> on the east coast it's already 2013. >>> about a million people from all over the world got the time square treatment. as new york's huge crystal ball dropped since the new year. the revelers found it all quite cold but quite worth it. lots of smooching going on. >> it's colder in santa rosa than in new york city. it's true. so people were out and about tonight all bundled up in layers of jackets and scarves. in fact, we take it to san jose now where the average high this time of year is 60. today checking in at 53 degrees. look at the little one there is. notice the very dry pavement. let's confirm that with doppler radar. not a rain drop in sight. that wasn't the case earlier this evening where weed did have rain showers skirting to the west. san francisco, this
CBS
Dec 27, 2012 1:35am PST
in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas has apparently gotten worse. doctors have him on a liquid- only diet. a bush family spokesperson says the 88-year-old was alert, joking with doctors, but had yet to respond to fever- reducing medication. a bronchitis cough initially sent him to the hospital in november. >>> a cash payout coming to millions of toyota drivers. >>> right away, i thought, a card from an angel. >> lost and found. a thrift store discovery that managed to c
CBS
Dec 31, 2012 6:00am PST
are. taxes seem to be the biggest obstacle to a compromise but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration that he has to spending. he's the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate is in recess. >> reporter: the senate reconvenes this morning so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had more money in their pockets. i'm andrew spencer reporting. >>> and just to clarify, that midnight deadline is 9 p.m. pacific time. you can keep track of the fiscal talks anytime all day long by logging on to our website, cbssf.com. >>> it's 6:35 right now. why don't we get a look at weather with meteorologist lawrence karnow. >> we have to get him out of his chair. he is sitting over there, you know, relaxing with his slippers on. get to work! >> i was watching a
CBS
Dec 27, 2012 6:00pm PST
would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >>> just hours ago hawaii's lieutenant governor became the country's newest senator. >> congratulations. >> thank you. >> 40-year-old brian schatz takes the place of long-time senator daniel inouye. inouye died just last week. schatz traveled from hawaii to washington aboard air force one with president obama last night. >>> former president george h.w. bush remains in intensive care tonight. a family spokesman says the 88- year-old is alert, in guarded condition and doing better since a cough sent him to the hospital. doctors are cautiously optimistic about his treatment. >>> the storm that hit 30 states this week is finally on its way out of the country. it's all part of the same storm system that spawned dozens of tornadoes. at least 15 people died and thousands lost power. the bad weather continues to delay flights in the northeast. >> only a 45-minute delay, fingers crossed it will stay that i way. >> get us to the airport on time hopefully. >> that storm is now movi
CBS
Dec 28, 2012 6:00pm PST
sexual assaults. and protestors say it is time the indian government and indian society stop tolerating violence against women. >>> chicago just hit a grim milestone. 500 murders this year. hours after police announced they were one homicide away from the 500 mark a man was shot in the head outside a convenience store. but this is not the first time the city reached this number. back this 2008, there were 513 killings in chicago. >>> for the second time this month, a new york commuter has been pushed to his death from a subway platform. police are looking for this woman that you can see in the surveillance video there. the camera caught her running from the subway stop in queens. moments earlier witnesses saw her pacing on the train platform. then when the train approached, she pushed a man onto the tracks. she is now wanted for murder. earlier month a man was pushed to his death at the times square station. >>> fire officials are meeting next month to discuss the upcoming station closures in contra costa county. four fire stations are closing january 15th because there is no
CBS
Dec 28, 2012 5:00am PST
work on talks to end a 21-month-old conflict in syria. the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream. he later commanded the american- led coalition in the first iraq war. schwartzkopf was 78. >>> 5:37 now. police say a police officer who lives in antioch returned to his home to find three burglars inside the house. it happened on wednesday night. the officer tried to chase the suspects but stopped when one of them fired a shot into the air. apparently with a gun stolen from that officer's home. >> it appears to be random. like many cities in the bay area, our residential burglaries are on the rise and have been for quite some time. >> last month an officer
CBS
Dec 31, 2012 5:00am PST
others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration he has to spending. he is the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stands in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013, they may wake up wishing it were 2012 when they had more money in their pockets. i'm andrew spencer reporting. >>> just to clarify, the mid into the deadline is 9:00 our time. if the deadline comes and goes, there could still be some wiggle room if the president and lawmakers appear to be working toward an agreement. the tax hikes and spending cuts could be held at bay for a few weeks, then could be repealed retroactively once the deal is reached. you can keep tabs on the fiscal talks anytime by logging on to our website, cbssf.com. >>> congressional leaders did show yesterday they
CBS
Dec 30, 2012 6:00am PST
government. >> i got a call from the marine park director jamie gonzales and i said well what about if we have an underwater museum. >> do you want to come over and check it out. >> he said he had this 200-sculpture project that would be very interesting for cancun. >> reporter: taylor's vision was to draw park visitors away from the reeves by having them mingle with his underwater crowd. hundreds of local people posed for him. >> look at that face. he's brilliant. he's actually the first person when i came here. his name is joaquin. he had a pitted face and it came out so well in the card. >> reporter: the process is time consuming and arduous for the artist and the model. >> they come in. we have to get all the hair, slick it all back, put vaseline it and stop it from sticking to the mold. >> reporter: taylor's models have come from all walks of life. there's this nun. >> she was my spanish teacher when i first arrived. she's 85 years old. one of the oldest people i've ever carved. >> reporter: and this victoria's secret model. >> good bone structure. reporter: great bone structure.
CBS
Jan 1, 2013 6:00am PST
the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new year. a lot of kissing going on, too. one of the panels on the ball had ding clark's -- dick clark's name engraved on it. this was the first new year's celebration since the host died this past year. >> here back at home no fog this year to block out the fireworks. it's beautiful, huh? it was a perfectly clear night. the fireworks along the waterfront that shot from treasure island looks like. a lot of people showed up for about a 15-minute display jammed the streets near the embarcadero they tried to get home when it was all over. some are still here working their way out. but there was some violence during the new year's celebration, as well. cbs 5 repo
CBS
Dec 25, 2012 6:00am PST
to end january 1st sending us all the way back to the 1950s policy requiring the government to buy milk at inflated prices. therefore driving up the cost for everyone. >>> i'm glad it's christmas. guess who's cozy by the fireplace here? our very own michelle griego sharing this photo from christmas eve. she doesn't know i'm sharing it with you -- >> i know. i know. >> she's at home with her family as you can see. they got the socks on. they're sitting on the couch. they're enjoying the fireplace. and the little socks to the far right is her 4-year-old daughter, my guess is giana is up and under the tree right now looking for goodies. >> that's so cute. i love that picture i think that's the future christmas card. >> i hope they hung all the stockings by the chimney with care because those were -- ooh. >> stuff your sox up there too. >> those are pretty stylish. >> hey folks arm bay area today it looks like it's going to be a stormy christmas day headed out. a lot of clouds out there right now. our cbs cbs 5 hi-def doppler radar is picking up on the rain in the north bay. this reall
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